I'll break it down step-by-step in a simple way for beginners:
Step 1: Log In to Your Binance Account
Open the Binance website on your computer or the Binance app on your phone.Log in using your username and password.
Step 2: Go to Your Wallet
On desktop: Look at the top right corner of the screen and click on "Wallet". Then click on "Fiat and Spot".On mobile app: Tap on the "Wallet" icon (at the bottom).
Step 3: Click on "Withdraw"
In the Wallet section, you’ll see different options like "Deposit" and "Withdraw".Click on "Withdraw". This will let you take money out of Binance.
Step 4: Choose "Fiat" (Not Crypto)
When you click "Withdraw", you will be asked if you want to withdraw Fiat (real money, like USD, EUR, etc.) or Crypto (Bitcoin, Ethereum, etc.).Choose "Fiat" because you want to send money to your bank account.
Step 5: Select Your Currency (USD, EUR, etc.)
You’ll now choose which fiat currency you want to withdraw (e.g., USD for US dollars, EUR for Euros, GBP for British Pounds).If you made money from crypto, you can convert it to fiat first, then withdraw.
Step 6: Choose "Bank Transfer" as Withdrawal Method
Binance offers different ways to send money, but you’ll need to choose Bank Transfer.Depending on your country, you might see options like:SEPA (for Europe)SWIFT (for international transfers)Local bank transfer (if Binance supports it in your country).
Step 7: Enter Your Bank Account Details
You will need to fill in your bank details, such as:Your bank nameAccount numberSWIFT/BIC code (for international transfers)If you haven’t entered this before, Binance will ask you to add your bank account details at this point.
Step 8: Enter the Amount You Want to Withdraw
After your bank details are confirmed, you’ll need to enter how much money you want to send to your bank.Enter the amount in your currency (e.g., 100 USD).
Step 9: Confirm the Withdrawal
Binance will show you a summary of your withdrawal: how much you’re sending and the fees (if any).Double-check everything.Click "Submit" to confirm.
Step 10: Verify the Transaction (if required)
Binance may ask you to verify the withdrawal for security reasons.Use Two-Factor Authentication (2FA) (like a code sent to your phone) if it's enabled on your account.
Step 11: Wait for the Transfer to Complete
After confirmation, Binance will process your withdrawal.Time to transfer: It can take a few minutes or up to 1-5 business days, depending on the withdrawal method and your bank.
Step 12: Check Your Bank Account
Once Binance processes the withdrawal, the money should appear in your bank account.If you don’t see the money in your account after a few days, you can check the status of your withdrawal in your Binance account or contact Binance support for help.
A Few Things to Keep in Mind:
Withdrawal Fees: Binance may charge a small fee for sending money to your bank account. The fee depends on the method you choose (like SWIFT or SEPA) and the country.Withdrawal Limits: Your withdrawal limit depends on your verification level. If you haven’t verified your account yet, you may have limits on how much you can withdraw.Bank Details: Make sure your bank account details are correct to avoid any issues with the transfer.
By following these steps, you should be able to withdraw money from Binance to your bank account easily!
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